A 3.8% Discount Rate?

Research, Preprint OPEN
Hartwick, John;
  • Publisher: Kingston (Ontario): Queen's University, Department of Economics
  • Subject: value of life, discount rate, life expectancy | discount rate | I10 | value of life | life expectancy | J17 | Abzinsung | Altersgruppe | Bewertung | Sterblichkeit
    • jel: jel:I10 | jel:J17
      ddc: ddc:330

We find that a discount rate of 3.8% allows us to derive the schedule of "value of life years" in Murphy and Topel [2006] from their schedule of "value of remaining years of life", this latter presumably being based on a "value of statistical life" of $6.3 million. We d... View more
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